Fixed Income Market: Government raises GHS 1.47bn from debt market
Government, at last week’s auction, raised a total of Ghs 1,474 million from the issuance of the 91, 182 and 364 days treasury bills and a 3 year bond.
Bids tendered in for the 91, 182 and 364-day bills and the 3 year bond amounted to GHS 508 million, GHS 124 million, GHS 69 million and GHS 773 million respectively.
Government in last week’s auction accepted all bids made for the 91, 182 and 364 days T-bills as well as the 3-year bond.
Regarding the yields of the issuances, the 91- Day bills gained 0.16% to close at 12.53% with the 182-Day bills also gaining 0.23% to settle at 13.21%.
Read: Benchmark Values: Policy reversal to be detrimental on importers – IEAG
The 364-Day bills however, remained unchanged settling at 16.64% whilst the 3 year FRX bond gained 7.89% to close at 20.50%.
| RESULTS OF LAST WEEK’S TREASURY BILL AUCTION | |||
| GOG Treasuries | Current | Previous | Change (%) |
| 91-Day T-Bill | 12.53% | 12.51% | 0.16% |
| 182-Day T-Bill | 13.21% | 13.18% | 0.23% |
| 364- Day T-Bill | 16.64% | 16.64% | 0.00% |
| 3 Year FXR Bond | 20.50% | 19.00% | 7.89% |
Government’s target for the next auction (Tender #1780) is GHS 982 million in the 91 and 182-Day bills.
Examine report below:
Fixed Income Market Report_04.01.2022 by Fuaad Dodoo on Scribd
